Joe Biden’s $1.9 Trillion Stimulus and its potential effects on the markets
President Biden’s $1.9 Trillion stimulus would see $1,400 direct payments to American citizens to help the American economy going again. Some of that stimulus will go to state governments to help them support their citizens.
The $1.9 Trillion Stimulus and its potential effects on the markets:
Analysts predict the influx of money in circulation will cause inflation concerns to rise even further. This will bring the US’ total spending for the Coronavirus to 5.4 Trillion. This may push the US dollar further lower. We should see an initial push up in equities due to the confidence boost stimulus gives. However, this may already be priced in due to the Democrats’ power in the senate.